👉 The term "appraised" refers to a process or method used in real estate transactions, where an appraiser evaluates and assesses the value of a property. Appraisers use various methods such as comparative market analysis, income statement analysis, and cost-benefit analysis to determine the fair market value of a property based on its current condition, location, and other relevant factors. In this context, "appraised" is used to refer to an individual who provides a professional appraisal or valuation for
